image
Real Estate - REIT - Residential - NYSE - US
$ 59.0
-0.676 %
$ 987 M
Market Cap
-52.46
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one CSR stock under the worst case scenario is HIDDEN Compared to the current market price of 59 USD, Centerspace is HIDDEN

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one CSR stock under the base case scenario is HIDDEN Compared to the current market price of 59 USD, Centerspace is HIDDEN

This DCF valuation model was last updated on Jul, 21, 2025.

The intrinsic value of one CSR stock under the best case scenario is HIDDEN Compared to the current market price of 59 USD, Centerspace is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CSR

image
$65.0$65.0$64.0$64.0$63.0$63.0$62.0$62.0$61.0$61.0$60.0$60.0$59.0$59.0$58.0$58.0$57.0$57.0$56.0$56.0$55.0$55.0Feb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '2515 Jul15 Jul
FINANCIALS
261 M REVENUE
-0.12%
20.5 M OPERATING INCOME
-75.76%
-14.2 M NET INCOME
-33.82%
98.2 M OPERATING CASH FLOW
9.75%
-50.7 M INVESTING CASH FLOW
-42.19%
-43.7 M FINANCING CASH FLOW
79.43%
67.1 M REVENUE
1.03%
4.75 M OPERATING INCOME
66.06%
-4.18 M NET INCOME
27.74%
25.4 M OPERATING CASH FLOW
36.24%
-4.88 M INVESTING CASH FLOW
52.37%
-15.6 M FINANCING CASH FLOW
-24.63%
Balance Sheet Centerspace
image
Current Assets 51.9 M
Cash & Short-Term Investments 12 M
Receivables 25.9 M
Other Current Assets 14 M
Non-Current Assets 5.01 M
Long-Term Investments 0
PP&E 2.54 M
Other Non-Current Assets 2.47 M
21.13 %45.47 %24.59 %4.47 %4.34 %Total Assets$56.9m
Current Liabilities 107 M
Accounts Payable 0
Short-Term Debt 47.4 M
Other Current Liabilities 59.3 M
Non-Current Liabilities 908 M
Long-Term Debt 0
Other Non-Current Liabilities 908 M
4.67 %5.85 %89.49 %Total Liabilities$1.0b
EFFICIENCY
Earnings Waterfall Centerspace
image
Revenue 261 M
Cost Of Revenue 112 M
Gross Profit 149 M
Operating Expenses 128 M
Operating Income 20.5 M
Other Expenses 34.7 M
Net Income -14.2 M
300m300m250m250m200m200m150m150m100m100m50m50m00(50m)(50m)261m(112m)149m(128m)20m(35m)(14m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
56.94% GROSS MARGIN
56.94%
7.85% OPERATING MARGIN
7.85%
-4.10% NET MARGIN
-4.10%
-1.59% ROE
-1.59%
-0.56% ROA
-0.56%
-1069.71% ROIC
-1069.71%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Centerspace
image
100m100m90m90m80m80m70m70m60m60m50m50m40m40m30m30m20m20m10m10m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -14.2 M
Depreciation & Amortization 108 M
Capital Expenditures 0
Stock-Based Compensation 3.01 M
Change in Working Capital -3.46 M
Others 1.78 M
Free Cash Flow 98.2 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Centerspace
image
Wall Street analysts predict an average 1-year price target for CSR of $71.4 , with forecasts ranging from a low of $68 to a high of $75 .
CSR Lowest Price Target Wall Street Target
68 USD 15.25%
CSR Average Price Target Wall Street Target
71.4 USD 21.02%
CSR Highest Price Target Wall Street Target
75 USD 27.12%
Price
Max Price Target
Min Price Target
Average Price Target
767674747272707068686666646462626060585856565454Sep '24Sep '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
1.19% DIVIDEND YIELD
0.77 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
6.006.005.005.004.004.003.003.002.002.001.001.000.000.001.31.30.70.70.70.70.70.730.730.750.771.31.30.70.70.70.70.70.730.730.750.771.31.30.70.70.70.70.720.730.730.751.35.201.35.200.72.800.72.800.72.800.72.800.722.840.732.920.732.920.753.001.542015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
Download SVG
Download PNG
Download CSV
5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership Centerspace
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
CENTERSPACE ANNOUNCES SECOND QUARTER 2025 EARNINGS RELEASE DATE MINNEAPOLIS , July 8, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) will release its operating results for the quarter ended June 30, 2025, after the market closes on Monday, August 4, 2025. Management will host a conference call to discuss those results on Tuesday, August 5, 2025, at 10:00 a.m. prnewswire.com - 3 weeks ago
Fiber Cement Market Outlook Report 2025-2030, with Competitor Profiles for James Hardie Industries, Etex Group, Nichiha, CSR, Gyproc, Everest Industries, Swisspearl, Shera, and Ramco Industries The fiber cement market, valued at $14.437B in 2025, is set to grow at a 4.28% CAGR, reaching $17.807B by 2030. Driven by rising construction, eco-friendly demand, and government regulations, the Asia Pacific region leads growth. Key players include James Hardie, Etex, and Nichiha. The fiber cement market, valued at $14.437B in 2025, is set to grow at a 4.28% CAGR, reaching $17.807B by 2030. Driven by rising construction, eco-friendly demand, and government regulations, the Asia Pacific region leads growth. Key players include James Hardie, Etex, and Nichiha. globenewswire.com - 3 weeks ago
Equity REITs: Takeaways From REITWeek 2025 REITs are positioned for accelerating earnings growth in 2026-2027, with management teams expressing increased optimism despite ongoing macro uncertainties. Key investment themes include AI-driven data centers, senior housing benefiting from demographic trends, and residential REITs capitalizing on the housing shortage. REITs offer resilient cash flows, potential dividend growth, and superior capital access, making them attractive relative to other asset classes in the current environment. seekingalpha.com - 3 weeks ago
The Bulls Are Back U.S. equity markets surged to fresh record-highs as investors cheered a confluence of positive headlines: a temporary ceasefire in the Middle East, productive trade talks, and progress on tax cuts. Oil prices tumbled after the U.S. destroyed a trio of Iranian nuclear facilities in a formidable and decisive show of force, eliciting a ceasefire between Israel and Iran. Traders priced in additional rate cuts as tumbling oil prices and economic data that remains devoid of meaningful inflation prompted dovish dissents from several Fed officials. seekingalpha.com - 1 month ago
MasterBrand Releases Third Annual Corporate Sustainability and Responsibility (CSR) Report BEACHWOOD, Ohio--(BUSINESS WIRE)--MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today released the Company's annual Corporate Sustainability and Responsibility (CSR) Report. This is the third year the Company has provided an overview of MasterBrand's progress in many areas of sustainability and responsibility, including resource stewardship, associate wellbeing and corporate governance structure. “As an industry le. businesswire.com - 1 month ago
A Slow Slowdown US equity markets rallied to their highest levels since February after a critical slate of employment data showed lukewarm labor market conditions in May, with only minimal tariff-related impacts. Benchmark interest rates jumped to near-four-month highs as hotter-than-expected wage growth metrics fueled doubts on the prospects for meaningful Federal Reserve easing this year. Meanwhile, investors weighed questions about the fate of the "Big Beautiful Bill" amid fierce challenges from Elon Musk, alongside signs of thawing in the tariff stalemate with China. seekingalpha.com - 1 month ago
CENTERSPACE ANNOUNCES ENTRANCE INTO THE SALT LAKE CITY MARKET, PLANNED PORTFOLIO TRANSACTIONS, AND QUARTERLY DIVIDEND MINNEAPOLIS , June 2, 2025 /PRNewswire/ -- Centerspace (NYSE: CSR) (the "Company") announced that on May 30, 2025, it closed on the acquisition of its first community in Salt Lake City, UT, for $149 million. Centerspace has also signed an agreement to acquire a community in Fort Collins, CO, with closing anticipated in mid-June. prnewswire.com - 1 month ago
Centerspace: Operating Momentum Improves As Shares Underperform (Rating Upgrade) Centerspace is a residential REIT managing 13,012 apartments, primarily in Minneapolis, Denver, and North Dakota. Q1 2025 and April 2025 leasing spreads point to a strong improvement relative to Q4 2024. Even so, Core FFO growth remains muted due to past share issuance and higher property taxes. seekingalpha.com - 2 months ago
When Your REIT Will Cut Its Dividend When Your REIT Will Cut Its Dividend seekingalpha.com - 2 months ago
Large Price Disconnects In REITs From Misapplied Perspective Real estate professionals' negative outlook on transaction volumes has led to a bearish sentiment on REITs, despite stable property values and NOI growth. Tariff uncertainty and fluctuating mortgage rates have reduced transaction activity, but real estate owners care about NOI and property value, not transaction volume. REIT stocks are trading at significant discounts, with the median REIT at 77.9% of NAV, presenting a unique investment opportunity. seekingalpha.com - 2 months ago
Centerspace (CSR) Q1 2025 Earnings Call Transcript Centerspace (NYSE:CSR ) Q1 2025 Earnings Conference Call May 2, 2025 1:00 PM ET Company Participants Josh Klaetsch - Director, IR Anne Olson - President & CEO Bhairav Patel - CFO Grant Campbell - SVP, Investments & Capital Markets Conference Call Participants Brad Heffern - RBC Capital Markets Ami Probandt - UBS Jamie Feldman - Wells Fargo Rob Stevenson - Janney Alexander Goldfarb - Piper Sandler Mason Guell - Baird Operator Good afternoon and thank you for attending today's Centerspace First Quarter 2025 Earnings Call. My name is Jaslyn, and I will be your moderator today. seekingalpha.com - 2 months ago
Centerspace (CSR) Matches Q1 FFO Estimates Centerspace (CSR) came out with quarterly funds from operations (FFO) of $1.21 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $1.23 per share a year ago. zacks.com - 2 months ago
8. Profile Summary

Centerspace CSR

image
COUNTRY US
INDUSTRY REIT - Residential
MARKET CAP $ 987 M
Dividend Yield 1.19%
Description Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
Contact 3100 10th Street SW, Minot, ND, 58702 https://www.centerspacehomes.com
IPO Date Oct. 17, 1997
Employees 374
Officers Ms. Julie Letner Senior Vice President of Talent & Culture Ms. Anne M. Olson Esq. President, Chief Executive Officer, Secretary & Executive Trustee Mr. Bhairav Patel CPA Executive Vice President & Chief Financial Officer Joe McComish Vice President of Finance Ms. Susan J. Picotte Senior Vice President of Asset Management Mr. Joshua M. Klaetsch C.F.A., CFA Head of Investor Relations Ms. Jean Denn Senior Vice President of Operations Ms. Kelly Weber Senior Vice President of Strategic Services Ms. Julie Ellis Senior Vice President & Chief Accounting Officer Mr. Grant P. Campbell Senior Vice President of Investments